709- 335 Driftwood Avenue, Toronto W05
Toronto W05
$300,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
This Beautifully Maintained 2-Bedroom, 1-Bathroom Condo Offers A Bright And Comfortable Living Space With Plenty Of Natural Light And Unobstructed Views Overlooking Parkland And The Ravine. Located In A 12-Storey Mid-Rise Building, This Spacious Unit Features Several Upgrades, Including A Fully Renovated Kitchen With High-End Finishes, Updated Flooring Throughout, Newer Laundry, And A Modernized Bathroom. The Windows And Balcony Doors Were Upgraded By Condo Management In April 2026, And The Unit Also Includes Generous In-Suite Storage. Step Out Onto The Balcony And Enjoy Your Morning Tea Or Coffee While Taking In The Peaceful Surroundings. Ideally Situated, The Condo Is Just Steps To The TTC, Close To The Future Finch LRT, And Offers A Quick Commute To York University. Shopping Malls, Grocery Stores, And A Wide Selection Of Restaurants Are All Nearby. Schedule A Showing And Come See The Space For Yourself.
MississaugaInvestor.ca
709- 335 Driftwood Avenue
Condo Apartment · 2bd/1ba · ~850 sqft
$300,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.98%
Monthly Cash Flow
-$1,136/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-20.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,381 |
| Property Tax | −$238 |
| Insurance | −$225 |
| Condo Fee | −$954 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,136/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$2,850 |
| Insurance | −$2,700 |
| Condo Fee | −$11,448 |
| Annual NOI | $2,952 |
| Cap Rate | 0.98% |
Cash Required to Close
| Down Payment (20%) | $60,000 |
| Ontario Land Transfer Tax | $2,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $65,975 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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